Patriot Financial Group Insurance Agency LLC Sells 1,510 Shares of The TJX Companies, Inc. (NYSE:TJX)

Patriot Financial Group Insurance Agency LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,424 shares of the apparel and home fashions retailer’s stock after selling 1,510 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in TJX Companies were worth $707,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TJX. Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter valued at $1,193,438,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after buying an additional 3,132,960 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after buying an additional 1,269,792 shares in the last quarter. Finally, Canoe Financial LP boosted its holdings in shares of TJX Companies by 22,145.7% during the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after buying an additional 1,107,287 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $0.02 during trading hours on Wednesday, reaching $120.08. 1,327,827 shares of the stock traded hands, compared to its average volume of 5,411,592. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The firm has a market capitalization of $135.71 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 3.04 and a beta of 0.88. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $112.28 and a 200 day moving average price of $103.67.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Barclays lifted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Sanford C. Bernstein upped their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.